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Sold for $120,000 on Feb 1, 2021
Solid investment opportunity available, this property produces a 12% cap rate at full asking price, making it very investable. All of the units are rented by tenants with three out of five being long term tenants. The building offers ample parking, the roof has been repaired and replaced over the current owner's tenure of ownership and is on the busiest street in Olean.- Rubber Roof- Separately metered except water- Rental income: $2,825 per month- Total Taxes: $7,568- All Circuit Breakers- AC in the front commercial units
Howard Hanna Professionals 410 Wayne Street
Olean, NY 14760
Phone: (716) 372-1155
Fax: (716) 372-7057
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